Organic Food & Organic Beverages Market Are Expected to Grow at a Higher Rate of 24.5% by 2019
Organic foods are food raised or grown without the use of any synthetic chemicals, additives, coloring agents, genetic manipulation or radiation on organic farm and satisfy the criteria set by the USDA National Organic Program (NOP).
Albany, NY -- (SBWire) -- 07/19/2016 --Organic foods are produced using animal and environment friendly farming methods. Globally, organic farming is practiced in 162 countries. In 2011, there were 37.2 million hectares of organically managed farmland and organic farming accounted for 0.86% share of the agricultural land. The report provides a strategic analysis of the global market for organic food & beverages, and growth forecast for the period from 2013 – 2019.
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The market is segmented into organic food and organic beverages. In organic food the market is broadly segmented into organic fruits & vegetables, organic meat, fish & poultry products, organic dairy products (milk, yoghurt, cheese, butter, and ice cream), organic frozen & processed food and others (condiments, tofu, sweeteners and seasonings). Organic fruits & vegetable accounted for more than 36% share of the market and organic meat, fish & poultry products is expected to exhibit the fastest growth rate among other products. Organic beverages market is segmented into organic non - dairy beverages, organic coffee & tea, organic beer & wine, and others (beverages excluding beer & wine). Organic coffee and tea accounted for more than 35% share of the global organic beverages market.
The study also includes competitive analysis by providing company market share and market attractiveness by products. The study also provides value chain analysis, and Porter's five force analysis which provides an insight into industry competition. This study also includes review and breakdown of the various factors and their impact on the market by three parameters such low, medium and high. The study also provides company profiles of major market participants along with their financial revenues, recent developments and different strategies adopted by them for better understanding of their contributions.
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The global market is highly fragmented and consists of a large number of medium and small scale manufacturers. Moreover, the market is becoming more competitive due to large multinationals making an entry into the global market through adopting various strategies. Private labels of retailers are becoming prominent and are the most successful in the organic food & beverages products market. Companies such as Hain Celestial Group Inc, Starbucks, Amy's Kitchen Inc, and Organic Valley are some of the major players of this market.
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